Description
Motivations that drive us are our basic human values, which are discussed in detail in this episode from investing and psychological perspective. Our mental models of others behavior and our own can helps us to predict steps management might take with a company that we are accessing to purchase their stock. The pie chart of basic human values theory by Shalom Schwartz, will help you navigate Episode #47: "Mental Models: Motivations That Drive You". See here on Mental Models Podcast website: https://www.mentalmodelspodcast.com/post/motivations-that-drive-you-basic-human-values-47.
Don’t miss Part 2 of Mental Models: Motivations That Drive You: Basic Human Values-Part 2 where we provide applied examples of the investing world.
We also encourage you to review Mental Models Podcast Episode #2 "Value Drives our Lives! Your Brains Response to Value and Investing" which is a similar but different perspective on the human value system and its relationship to our brain; listen on Apple Podcast https://podcasts.apple.com/us/podcast/value-drives-our-lives-your-brains-response-to-value/id1458795155?i=1000434905197 or SoundCloud https://soundcloud.com/user-682136294/2-value-drives-our-lives-your-brains-response-to-value-how-it-affects-our-investing-lives
…Buy…our BOOK “Understanding Behavioral Bia$” to learn more about overcoming biases that are keeping you from investment success! http://amzn.to/2XHtsOE
Authored by Daniel Krawczyk, Ph.D. & George Baxter, JD, CFA your hosts of Mental models Podcast. #mentalModels #MentalModelsPodcast #UnderstandingBehavioralBias #Bias #DecisionMaking